End to Interest Rate Cuts – Major Bank Changes Its Mind
There will be no more interest rate cuts from the Swedish Central Bank. The major bank Nordea has changed its mind and now expects that it has reached the bottom.
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Organisation
The Swedish Central Bank
"Riksbanken", The Swedish Central Bank, founded in 1668, is the world's oldest central bank and an authority under the Swedish parliament. The bank's main tasks include conducting monetary policy to maintain low and stable inflation, as well as promoting a safe and efficient payment system.
Source: Sveriges Riksbank
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The Central Bank Governor: Prepare the Payment Systems for War
The Governor of the Central Bank Erik Thedéen says to SR Ekot that Sweden must quickly upgrade the payment systems for crisis and war. The statement follows the latest security policy developments in Europe.
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Thedéen is waiting after the new inflation figure
Increased prices of coffee, fish, and vegetables pushed up inflation in January. But it is unclear how it will affect future interest rate decisions. It is far too early to say, says Riksbank Governor Erik Thedéen to TT.
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H&M at the Bottom of a Merry Stock Exchange
The Stockholm Stock Exchange's broad index rose 0.4 percent during Tuesday's trading. The development looked similar on the leading European stock exchanges.
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The FI's appeal: Negotiate the mortgage rate
Now is the time to negotiate with the bank if you are not satisfied with your mortgage rate. The encouragement comes from the Financial Supervisory Authority (FI) after the banks' gross margin for floating-rate mortgages has increased further.
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